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Coworking Firm CoCreate Lexington Moves In At Southlake Center

June 18, 2018 | Posted By: Connor Watkins

Columbia, SC (June 18, 2018) – CBRE has executed a 10,731-sq.-ft. lease at Southlake Center, a 42,000-sq.-ft. multi-tenant office building
in the Lexington submarket of Columbia, SC. CoCreate Lexington, a locally owned and operated coworking
startup, will occupy the property at 714 South Lake Drive this summer to offer sharable office space, technology, and meeting rooms to the Columbia
area business community.

CBRE’s Marie Dieckmann and Aaron Dupreerepresented
the landlord and the asset manager, East West Capital, in this transaction. With the completion of the CoCreate lease, only one vacancy remains
at Southlake Center, an open layout space just over 2,300 sq. ft.

“We’re happy CoCreate has found a home in Southlake Center and we’re looking forward to the grand opening this summer. The property’s location less
than one mile to I-20 and two miles to downtown Lexington offers great convenience to office users,” said Ms. Dieckmann, associate at CBRE. “Coworking
has experienced exponential growth in the past decade. The appeal of the coworking model lies in the opportunity for lease-term flexibility coupled
with highly appealing workplace environments.”

Per CBRE’s Americas Occupier Survey 2018, the majority of respondents
continue to evaluate creative office solutions, especially coworking, to satisfy their mandate for portfolio flexibility. Southlake Center provides
creative office space in a repurposed brick manufacturing facility. It offers ample parking, street visibility and monument signage with almost
30,000 vehicles passing daily.

CoCreate will provide private offices, dedicated desk space and flex or floating desk space, as well as full time and part time memberships at affordable
rates. The company will also offer monthly educational, social and networking events for the self-employed, remote workers, microbusinesses and
others.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project